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PowerShares ETF Gives Its Holders Additional Control

Contributed by mm | August 10, 2005 1:50 PM PST





I don't think this ETF offers value over traditional mutual funds.

From Wall Street Journal.:

The PowerShares Zacks Micro Cap fund tracks the Zacks Micro Cap Index, which evaluates 2,300 microcap stocks with the purpose of identifying companies with the greatest potential for capital appreciation. By following an index that aims to choose only the best microcap stocks, the ETF aims to outperform its benchmark indexes as well as other actively managed microcap strategies. According to Zacks, the index delivered an average annual return of 23.5% over the past five years through the end of June.

Zacks "selects stocks based on valuation, momentum and liquidity," said David Cohen, managing director of index strategies for Zacks Investment Research. "If you look over time, these are factors that have been particularly significant in the microcap segment of the market," he said.

Because of the more active approach, the ETF will carry an expense ratio of 0.6%, which is higher than traditional index-based ETFs but lower than most actively managed microcap mutual funds.
This post has 2 comments. Read and share your opinions.

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Comments
>>> Nathan Commented on August 18, 2005

The new Zach's Micro Cap ETF from PowerShares is off to a great start. Almost 800,000 shares sold already. The iShares, Russel Micro Cap ETF launch only traded 33,000 on its opening day. It's the intelligent factor of the PowerShares index I think that sets it apart from iShares. Enjoy. www.powershares. com (AMEX: PZI)


>>> Nathan Commented on August 18, 2005

Check this out. AMEX- PZI ticker symbol. It's blowing the iShares Russel Micro Cap ETF out of the water as the PowerShares Zach's Micro Cap ETF has already traded roughly 900,000 shares versus the iShares Russel which traded roughly 33,000 on it's opening day. Happy investing. Thanks. Nathan



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